Selloffs

10 years ago

Wash Po. CEO Sells Off Stock

That thing about the captain going down with his ship apparently doesn’t apply at The Washington Post: Barron’s reports that Donald Graham, the chairman and CEO of Washington Post Co., “has sold tens of millions of dollars worth of stock in the past year through a series of trusts he oversees for his relatives.” In the past two weeks alone, he has sold over 40,000 shares for $14 million. Graham, however, sold off only about 1.4 percent of the company’s publicly traded class B shares and still owns 33.8 percent.